NEW BIO DIESEL TECHNOLOGY PRODUCTION IN BRAZIL GETS INVESTMENT FROM CHINESE COMPANY

As a result of the successful pilot running of a new bio diesel technology developed by Alberto Luiz Coimbra Institute for Graduate Studies and Engineering Research in Rio de Janeiro, China's Biostar Company has proposed to buy an 80% stake in Mato Grosso-based Producao de Biodiesel Parecis Ltda inorder to produce bio diesel using the new technology for Brazilian market.

The Brazilian side expects use of the new technology to contribute to the commitment signed by Brazil to increase the use of biofuels in the country’s energy structure to around 18% by 2030.
The new technology was developed in China and was the subject of a pilot experiment at the Alberto Luiz Coimbra Institute for Graduate Studies and Engineering Research (Coppe), linked to the Federal University of Rio de Janeiro (UFRJ), which proved its. commercial viability.- macauhub.com.mo

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